UB40, I will only invest in WINNERS not LOSERS. This year 2013 my porfolios had already growth by 25%. I'm only interested in stocks that go uphill not downhill. IMPORTANT is yearly outperform the STI. Not lost money yearly then DREAM OFF after 5 to 10 year time the stock will reverse it's trend and make it big.
Why should anyone so FOOLISH as to dump his/her hard earn money on stock that will fall from: 8cts, 7, 6, 5, 4, 3, 2, 1 and what next .................... and DREAM of making it big only IF, IF, IF it will increase back to 1cts, 2, 3, 4, 5, 6, 7, 8 and myby to a dollar.
For me I look at business not price. I invest, not gamble.
One of the feature of gamblers when lost $100 will increased it's stack to $200,.
Lost increased to $400
Lost increased to $800
Lost increased to $1600
Each time lost will double-up. Sure win one time.
I believe the market still has some legs, but I'm truly putting in cash for the long run in certain counters.
e.g. SPH, Starhub
But it is slightly different for me. I seldom trade.
Previously while I was under employment, my income was a little higher and more stable, hence I bought as much as possible during the 2008 ~ 2010 time period. Now, I am self employed, so cash is less stable, but the dividend counters I have are at least providing me with the basic necessities while I focus on business building. That is why I see no point in selling them, unless I am in urgent need of cash, which isn't the case yet.
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